The Fed has only provided aggregate information on the amount of loans in each of its various lending programs, and general information on the terms of the loans and the types of collateral received.

In an asymmetric information credit market, interest rate and collateral requirements have adverse selection effect to different risk preference, and may cause moral hazard.

However, as there is no guarantor or collateral while offering a credit loan, bank officers need to analyze the borrower's accounting information comprehensively to reduce the risk to the bottom.